Mr. Speaker, the member is exaggerating about where investments are taking place. I will use a specific example. This may help members across the way get a better appreciation of the value of this particular investment.
When Stephen Harper was prime minister, a lot of flooding took place in the Philippines, and Canadians responded overwhelmingly by contributing millions of dollars, which the government matched. We sent the DART unit there, recognizing that there was serious flooding. One of the biggest projects of this organization we are investing money in, money we are guaranteed to get back in terms of a return, is for flooding in the Philippines. That is an actual capital infrastructure program where this bank is investing some half a billion dollars. Canada is putting in about $250 million in shares, shares we are guaranteed to get back. Therefore, it is helping in a tangible way in the Philippines.
Why would the Conservatives and NDP say that it is a bad investment? They want to focus on one issue, a politically spun issue, but in reality, there are many projects that are very helpful in that area. I cite the Philippines as one example. Does he not support the Asian bank investing that sort of capital?